Chinese on-demand services provider Meituan-Dianping opens up 7.3% on its first day of trading in Hong Kong after raising $4.2B in its IPO (Lulu Yilun Chen/Bloomberg)

Lulu Yilun Chen / Bloomberg:
Chinese on-demand services provider Meituan-Dianping opens up 7.3% on its first day of trading in Hong Kong after raising $4.2B in its IPO  —  - Tencent-backed app is burning cash to win market share  — Meituan IPO is H.K.'s biggest since Xiaomi's in July

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